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Mar 15 - 12:55 AM

USD: We Now Expect The FOMC To Pause At Next Week's Meeting - Goldman Sachs

By eFXdata  —  Mar 14 - 04:30 PM

Goldman Sachs discusses its revised expectations for next week's FOMC policy meeting.

"We now expect the FOMC to pause at its March 21-22 meeting because we think that Fed officials will worry that another interest rate hike could be counterproductive to efforts by US policymakers to shore up the financial system," GS notes.

"It will be hard to be completely confident in the near term that Sunday’s intervention will halt the pressure on smaller banks, who play a large macroeconomic role and could become considerably more conservative in their lending," GS adds. 

Source:
Goldman Sachs Research/Market Commentary

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